Rates

Effective December 31, 2019 (subject to change at any time)

Rates

Checking/Savings

Loans

Community

Deposit Rates
Loan Rates

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Savings and Checking Rates

Type	Minimum to Open	Annual Percentage Yield (*APY)	Interest Rate
Type Passbook Savings	Minimum to Open $1	Annual Percentage Yield (*APY) 0.25%	Interest Rate 0.25%
Type Statement Savings**	Minimum to Open $1	Annual Percentage Yield (*APY) 0.30%	Interest Rate 0.30%
Type Christmas Club	Minimum to Open $2, $5, $10, or $20 in coupon books	Annual Percentage Yield (*APY) 0.30%	Interest Rate 0.30%
Type Free Checking	Minimum to Open $10	Annual Percentage Yield (*APY) 0.00%	Interest Rate 0.00%
Type Checking with Interest	Minimum to Open $250	Annual Percentage Yield (*APY) 0.10%	Interest Rate 0.10%
Type Business Savings	Minimum to Open $1	Annual Percentage Yield (*APY) 0.30%	Interest Rate 0.30%
Type Business Checking	Minimum to Open $500	Annual Percentage Yield (*APY) 0.00%	Interest Rate 0.00%

Tiered Money Market

Money Market**	Minimum to earn APY	Annual Percentage Yield (*APY)	Interest Rate
Money Market** Tier 1	Minimum to earn APY $0.00-$2,499	Annual Percentage Yield (*APY) 0.10%	Interest Rate 0.10%
Money Market** Tier 2	Minimum to earn APY $2,500- $24,999	Annual Percentage Yield (*APY) 0.30%	Interest Rate 0.30%
Money Market** Tier 3	Minimum to earn APY $25,000 -$49,999	Annual Percentage Yield (*APY) 0.40%	Interest Rate 0.40%
Money Market** Tier 4	Minimum to earn APY $50,000 - $99,999	Annual Percentage Yield (*APY) 0.50%	Interest Rate 0.50%
Money Market** Tier 5	Minimum to earn APY $100,000 -$249,999	Annual Percentage Yield (*APY) 0.60%	Interest Rate 0.60%
Money Market** Tier 6	Minimum to earn APY $250,000 and above	Annual Percentage Yield (*APY) 0.75%	Interest Rate 0.75%

Certificate of Deposit Rates

TERM	Minimum to open	Annual Percentage Yield (*APY)	Interest Rate
TERM 6 Month CD	Minimum to open $2,500	Annual Percentage Yield (*APY) 0.75%	Interest Rate 0.75%
TERM 12 Month CD/IRA (with one-time bump up)	Minimum to open $500	Annual Percentage Yield (*APY) 1.25%	Interest Rate 1.24%
TERM 18 Month CD/IRA	Minimum to open $500	Annual Percentage Yield (*APY) 1.50%	Interest Rate 1.49%
TERM 24 Month CD/IRA	Minimum to open $500	Annual Percentage Yield (*APY) 1.75%	Interest Rate 1.735%
TERM 30 Month CD/IRA	Minimum to open $500	Annual Percentage Yield (*APY) 1.75%	Interest Rate 1.735%
TERM 48 Month CD/IRA	Minimum to open $500	Annual Percentage Yield (*APY) 2.00%	Interest Rate 1.98%
TERM 60 Month CD/IRA	Minimum to open $500	Annual Percentage Yield (*APY) 2.25%	Interest Rate 2.23%
TERM 72 Month CD/IRA	Minimum to open $500	Annual Percentage Yield (*APY) 2.50%	Interest Rate 2.47%

One-time bump up allowed during 12 month CD term based on current 12 month CD rate.

Additional Account Information

*Annual Percentage Yield (APY) is effective as of the date noted above, and subject to change without notice. APY assumes interest and principle remain on deposit until maturity. Interest computed from day of deposit to day of withdrawal, compounded daily and paid monthly. Contact branch for additional details.

**Money Market and Statement Savings accounts are limited by Federal Reserve Bank Regulation D, during any statement period, you may not make more than six withdrawals from or transfers to another Jarrettsville Federal account of yours or to a third party by means of pre-authorized or automatic transfer or telephonic order. These transfers or withdrawals may be in any combination of preauthorized, automatic or telephone transfers, ACH transactions, POS debit transactions or checks written against the account.

Fees and charges may reduce the earnings on these accounts.
The minimum balance must be maintained to obtain Annual Percentage Yield (APY).
Jarrettsville Federal reserves the right to refuse any deposit or request for any account.
Accounts available for Maryland, and Pennsylvania residents only; all other are on a “case by case basis.”
All applicants must physically come to our location to open any account.
In accordance with the USA Patriot Act, Jarrettsville Federal is required to obtain, verify and record information that identifies each person who opens an account.
FDIC insured up to $250,000 per depositor.
Certificates of Deposit (CD’s) are issued in the form of a printed certificate. Early withdraws from CD’s will result in substantial penalties.
- Terms equal to or less than 12 months – 3 months interest
- Terms greater than 12 months – 6 months interest
Individual Retirement Account (IRA) are subject to limitations and/or penalties imposed by the Internal Revenue Service (IRS). Please see your IRA Agreement or your tax advisor for additional information.

Interest rates fluctuate daily, sometimes hourly, the best way for you to obtain your ideal rate is to contact Denise Busson at 410-692-5151 or dbusson@jarrettsvillefederal.com NMLS #902671

Fixed Rate Construction/Perm Loans

Term	% Down	Interest Rate	APR*	Points	Monthly Payments Per $1,000 Borrowed
Term 15 Year Fixed Rate	% Down 20	Interest Rate 3.125%	APR* 3.473%	Points 1.5	Monthly Payments Per $1,000 Borrowed 180 months of $6.97
Term 20 Year Fixed Rate	% Down 20	Interest Rate 3.625%	APR* 3.904%	Points 1.5	Monthly Payments Per $1,000 Borrowed 240 months of $5.86
Term 30 Year Fixed Rate	% Down 20	Interest Rate 3.750%	APR* 3.952%	Points 1.5	Monthly Payments Per $1,000 Borrowed 360 months of $4.63

Add 0.50% to the interest rate for JUMBO loans over $517,500.00

Loan payment is Interest ONLY during construction period.
Our Construction – Permanent loans have only 1 settlement.

Home Equity Loans

Term	% Down	Interest Rate	APR*	Points	Monthly Payments Per $1,000 Borrowed
Term 5 Year Fixed Rate	% Down 80% LTV**	Interest Rate 4.250%	APR* 4.512%	Points 0	Monthly Payments Per $1,000 Borrowed 60 months of $18.53
Term 10 Year Fixed Rate	% Down 80% LTV**	Interest Rate 5.000%	APR* 5.152%	Points 0	Monthly Payments Per $1,000 Borrowed 120 months of $10.61
Term 15 Year Fixed Rate	% Down 80% LTV**	Interest Rate 5.250%	APR* 5.360%	Points 0	Monthly Payments Per $1,000 Borrowed 180 months of $8.04

LTV = Loan to value
**Loan ratio includes first mortgage balance.

Home Equity Line of Credit

Term	LTV**	Interest Rate***	APR	Points	Maximum Loan Amount
Term 10 Year Draw / 10 Year Repayment	LTV** 80%	Interest Rate*** Prime Rate	APR Maximum is 18%	Points 0	Maximum Loan Amount $250,000

Jarrettsville Federal will pay closing costs up to a loan amount of $100,000.

If the borrower pays off and closes the line of credit prior to the end of three years, they will be obligated to repay these fees at time of loan payoff.

** up to 85% LTV (Loan to Value) if existing first mortgage is with Jarrettsville Federal.

*** Rates are variable and may change monthly. Prime rate is the prime rate published in the Wall Street Journal – current rate is 5.25%.

Lot Loans

Term	% Down	Interest Rate	APR*	Points	Monthly Payments per $1,000 Borrowed
Term 15 Year Amortization	% Down 35	Interest Rate 5.750%	APR* 6.014%	Points 1	Monthly Payments per $1,000 Borrowed 180 months of $8.30

Term is based on a 5 year Balloon.
No size restrictions on lot loans.

IMPORTANT INFORMATION ABOUT OUR RESIDENTIAL MORTGAGE PLANS

* APR = Annual Percentage Rate

In accordance with the USA Patriot Act, Jarrettsville Federal SLA is required to obtain, verify and record information that identifies each person who opens an account.
APRs disclosed above are calculated on a $200,000 loan excluding Jumbo Loans. The APR will vary based on final loan amount and finance charges.
One point equals 1% of the borrowed amount.
Processing Fee is $500/ Tax Service Fee is $80-$114.
The fee for credit report may be required at time of application. The fee may vary.
Appraisal fee may be higher on certain types of loans.
All loan requests are subject to credit approval.
Adequate property insurance required.
Flood insurance may be required.
Payments do not include amount for taxes and insurance premiums. The actual payment obligation will be higher.
Prequalification available.
LTV in excess of 80% require Private Mortgage Insurance (PMI).
Lot loans require a perk test and potability test prior to settlement if the site will be serviced by a septic system or well.
Lot Loan – monthly payment is amortized over 15 years. Loan must be paid in full or refinanced in 5 years.
Consult your tax advisor regarding deductibility of interest and charges.

NMLS

Jarrettsville Federal: NMLS#431219
Denise Busson: NMLS #902671
Christine Haley: NMLS #1158115
John Reale: NMLS #1311697

Online Banking

Rates

Savings and Checking Rates

Tiered Money Market

Certificate of Deposit Rates

Additional Account Information

Fixed Rate Construction/Perm Loans

Home Equity Loans

Home Equity Line of Credit

Lot Loans

NMLS